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Write favourable and unfavourable balance of Trade?

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Write favourable and unfavourable balance of Trade?

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Favourable BOT: When the total value of commodity exports of a country exceeds the total value of commodity imports of that country, it is said that the country has a ‘favourable’ balance of trade.

Unfavourable BOT: If total value of commodity exports of a country is less than the total . value of commodity imports of that country, that country is said to have an ‘unfavourable’ balance of trade.

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